today accuse of late football coach joe paterno and other officials at penn state of knowing what sandusky was doing and covering it up, allowing the horrific crimes to continue another 13 years. this is the final report of an investigation headed by louis freeh, a former federal judge and former director of the fbi. armen keteyian is in philadelphia with details. armen, what do we know. >> reporter: good evening, scott. the report laid out in detail what freeh called the callous and shocking disregard for child victims by the most powerful leaders at penn state, including paterno, a towering figure for five decades. >> it was like going against the president of the united states. >> reporter: the former fbi director pointed to the culture at the heart of the cover-up. he charged that paterno, former president graham, senior vice president gary schultz and athletic director tim curley repeatedly concealed critical facts relating to

sandusky's child abuse from the authorities, the university's board of trustees, the penn state community and the public at large. >> the evidence clearly shows in our view an active agreement to conceal,s what significant and shocking as the four of them, the most powerful people in penn state university made a decision to conceal this information. >> reporter: as evidence freeh cited a revealing director by athletic director curley written about two weeks after assistant football coach mike mcqueary said he witnessed sandusky assault a boy in a shower in february of 2001. according to the report, curly, spannier and schultz decided to report him to child welfare authorities but then after speaking to paterno curley said in an e-mail he would prefer to keep the matter private and speak with sandusky. late their night in another e-mail he responded writing in part, the approach you outline is humane and a

reasonable way to proceed. >> although concern to treat the child abuser humanely was expressly stated no such sentiments were ever expressed by them to sandusky's victims. >> reporter: in an op ed piece he written yesterday win by paterno about a month before his death in january the iconic coach tried to separate the sandusky scandal away from his football team. i feel compelled to say in no uncertain terms that this is not a football scandal, he wrote. this is a great university with one of the best academic performing football programs in major collegiate letics. those are the facts. and nothing that has been alleged changes them. freeh was having none of it, making clear contrary to paterno's public statements, he and the other penn state officials were acutely aware of sandusky showering with a young boy back in 1998, an incident that lead to a police investigation that was eventually dropped. >> what's strike being 1998

is nobody even spoke to sandusky, not one of those four persons, including the coach who was a few steps away from his office, there is no indication anybody spoke to him. the ncaa said today it is awaiting answers to four key questions from penn state including institutional control and ethics. it remains, scott, one of four major investigations still going on at the school. >> pelley: thanks, armen. penn state's board of trustees asked for this investigation. today chairman karen pete said that the board accepts full responsibility for the failures that occurred. another trustee said we are deeply ashamed. earlier today we spoke to jay paterno, the son of the late coach joe paterno. mr. paterno, the freeh report essentially says that your father was at the centre of a conspiracy to protect sandusky, how do you react to that? >> well, i think it's a

faulty assumption. i have spent most of the morning reading that report. and one thing, one of the things that he did say was that he would not characterize it as a cover-up. he did characterize a culture of concealment. and i think that is even inaccurate. really i think people have jumped to some conclusions that are simply not there when you read the entire report. >> pelley: did your father know what was happening? >>. >> in terms of with jerry sandusky. >> pelley: yes. >> no, he did not. and he did not-- i can tell you this, joe did not interfere with any investigations. joe in no way or shape or form ever suspected that jerry sandusky was a child pedestrian ter. it is easy now to say that people should have known. but you have to give him the benefits of only the facts they had at the time. >> pelley: in the statement that your father wrote just a month before he died and was published for the first time yesterday, he says i feel compelled to say in no uncertain terms that this is not a football scandal. was he deluding himself about the depth of the moral failure here?

>> what i think you have to understand is that statement that he wrote was a reaction, simply, to some of the things that had been said about the football program. he wanted to make sure that the sacrifices our player players-- players had made to do things the right way was to the being tarnished by the actions of one man, for which those players were not responsible. >> pelley: jay paterno, son of coach joe paterno, thanks very much. >> thank you very much. >> pelley: another institution brought low by corruption is the american financial industry, from mortgage fraud that lead to the great recession to ponzi schemes. now we have a scandal on a key interest rate that is tied to many people's mortgages, credit cards and student loans. it's called the libor rate. barclays bank admitted last month that it was part of a scheme to rig the libor rate to increase the bank's profits. today several u.s. senators called for an investigation. wyatt andrews has found that some u.s. cities claim that

taxpayers were also ripped off by this scheme. >> is there any doubt in your mind that these banks hurt the city of baltimore? >> absolutely no doubt. we cannot stand by when we feel that we are being cheated. >> reporter: stephanie rawlings-blake says the libor manipulation hurt america's cities at the worst possible time, the height of the recession. as the city balanced a budget deficit by closing fire stations, recreational centers and schools, the mayor says the banks added to the deficit with artificially low-interest rates that underpaid the city on investments. officials estimate the loss at up to several million dollars. >> reporter: given the deficit that you faced to begin with, 65, 68 million dollars, are you saying the banks piled on. >> you're talking about 1 or 2 million dollars that, you know, that fire company, that's recreation centers, that's, you know, services that our city needs and

we're going to fight for that. >> reporter: in downtown baltimore the head of the firefighters union, michael campbell says the closing of some fire stations slowed down the response to fires. >> the center closed today and nobody is there, it's going to take a longer time for the next truck company to get here, so yes, it is a dramatic impact. >> reporter: does anything about this affect your trust in the banks? >> i think it affects the publics' trust in banks and financial institutions across-the-board. >> reporter: because? >> when people manipulate things to benefit and people are hurt, you lose trust. >> reporter: the banks accused of manipulating interest rates have not commented, but have denied in court there was ever a conspiracy to drive rates down. dozens of states and cities are now deciding if they should join baltimore in a growing class-action lawsuit against the banks. and if conspiracy is ever proved, scott, america's largest bank was face triple damages and fines that some

estimate in the tens of billions of dollars. >> pelley: wyatt, thank you. we did receive some encouraging news about jobs today. fewer people applying for unemployment benefits. 350,000 people put in new claims last week. that's down 26,000 from the week before. it's a small decrease but it is the fewest claims in more than four years. the price of food is hitting new highs. and the united nations warned this week it could lead to considerable hardship in some parts of the world. have a look at the price of corn. $7.30 a bushel today, 11% higher than a year ago. part of the problem is a drought here in the united states that is so bad, that more than a thousand counties in 26 states have been declared disaster areas. dean reynolds is in the heartland. >> reporter: bob bleuer thousand acre farm is dying of thirst. >> this looks really kind of --

>> puckering up. >> disfigured. >> all lack of water. >> he and his wife are fifth generation farmers growing mostly soy and corn. they haven't had a good months-- rain in months, an. is this year the water never showed up. >> the corn right now looks more like a pineapple plant. >> reporter: in a good year the bleuer would harvest 200 bushels of corn an acre, this year they will be lucky to get five. where should these be now, height. really, as high as you can reach. >> the soybeans are faring no better. he says colose 150,000 this year. these beans have been sitting dormant this way for about a month. they should be way up here. >> reporter: so they just stop growing. >> yes, sir. they stop growing until conditions improve. >> reporter: more than 30% of nine midwestern states are in an extreme or exceptional drought. the worst in a quarter century. the u.s. department of

agriculture has cut its harvest projections by 12%. >> you can see all of your hard work gone for. >> drying up in front of you. >> this is our end harvest. i hate to get into unemployment rolls but we'll go to town and find a job and try to do something else to make ends meet. that's all you can do. >> reporter: do you ever think of getting out of this? >> sure. you think about it. and then spring comes and we do it again. >> reporter: now this part of the midwest seldom has a prolonged drought, scott so, farmers like bob bleuer don't have the irrigation systems and that's a problem now because no significant rainfall is expected here for at least another week. >> pelley: spring comes and we do it again. thanks very much, dean. texas has also been in a drought. but now there is too much water in some places. one woman abandoned her car in waste deep water on a flooded interstate in san

antonio. flood watches and warnings are up again tonight across southeast texas. what may have set off a deadly avalanche in france. david martin suits up to find out what's causing f-22 pilots to get sick in flight. and the fish are biting in south carolina when the "cbs evening news" continues.ur nt by what's getting done. the twenty billion dollars bp committed has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. do you often experience the feeling of a dry mouth? it can be the side effect of many medications.

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is america's most advanced fighter plane and it ought to be. each one costs $143 million. but for months something mysterious has been happening to f-22 pilots in flight putting them in jeopardy. tonight we may have discovered what the problem is. here's david martin. >> reporter: the f-22 is on a very short leash. after first being grounded the world's most sophisticated and expensive jet fighter is flying again but limited to flights within 30 minutes of a landing field. the reason? a mysterious problem that without warning has caused pilots to suffer hypoxia. become disoriented from lax of oxygen. over the past ten months says colonel kevin robins commander of the first fighter wing at langley air force base in virginia there have been 11 incidents of hypoxia. >> no one has gotten to the point where they are completely delirious. they are still able to function and bring the aircraft back safely. >> roger, cleared for

takeoff. >> i experienced hypoxia firsthand in an f-22 simulator. as major thomasa reduced the flow of oxygen to my mass. >> can you describe what are you feeling to me. >> dizzy. >> uh-huh. >> when it had gotten too bad i pulled the emergency oxygen. only then i did realize how far downhill my ability to function had gone. >> i thought i was going straight and level and i was -- >> you continued climbing. >> i was going up to 30,000 feet. >> reporter: the real f-22 can pull 9 gs subjecting the pilot to a force nine times the weight of gravity. watch this pilot pull 9 g ness a sen ri fuj. you can see the number in the left-hand corner. listen to his breathing an watch his chest heave against all the equipment he wears. one standard piece of equipment is this inflatable vest. >> this is the combat edge vest. what this does is provide chest counterpressure during

rapid decompression. >> reporter: technical sergeant scott bender helped me into the vest and hooked me up to an oxygen machine. >> remember, don't panic. just breathe normally. >> reporter: the vest inflated to protect my lungs from exploding at high altitude but it also made it harder to breathe. those centrifuge test res vealed that the vest which was supposed to improve the pilot's chances of survival was actually a hazard. >> the vest was inflating every time that you pulled any gs on the aircraft and staying inflated which was making it more difficult to take air in. >> reporter: after months of dissecting every inch of the plane's complex oxygen system major general charles lion the man in charge of the investigation believes he has solved the mystery of the f-22. >> are you confident you have found the problem. >> i am. >> and the solution. >> i am. >> reporter: f-22 pilot those longer wear the vest. but as a result, are not allowed to fly above 44,000 feet. even without the vest, there have been two case of pilots

running short of oxygen. although general lions says those were mechanical malfunctions unrelated to the hypoxia mystery. but until general lion can convince defense secretary panetta he really has solved the mystery, the f-22 will remain on a short leash. david martin, cbs news, langley air force base, virginia. >> pelley: two climbers are missing following a deadly avalanche today there france. the rush of ice and snow killed at least nine climbers and injured 12 others in the french alps. the climber at the top may have accidentally triggered that avalanche. president obama admits a mistake early in his first term. that interview is next. [ male announcer ] research suggests cell health plays a key role

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>> pelley: as president obama runs for re-election he looked back today on his first term and admitted that he needs to do a better job of inspiring the public. the president was interviewed by cbs this morning's charlie rose. >> what do you think the lessons have been that might guarantee success in the second term if that happened? >> the mistake of my first term, a couple of years, was thinking that this job was just about getting the policy right. and that's important. but you know, the nature of

this office is also to tell a story to the american people that gives them a sense of unity, and purpose and optimism, especially during tough times. >> pelley: you can see charlie's interview with the president and the first lady this weekend on "sunday morning" and next week on cbs this morning. folks who fish like to telltales about the one that got away. but a woman in south carolina has the pictures to prove it she was fishing off a dock in the rain this week. and was realing in a catch when a shark jumped out of the water and swiped the fish. right off her line. refugees are pouring out of syria and you will meet some of the youngest coming next. ahh!! hey honey, back feels better, little dancing tonight, you and me? dr. scholl's pro inserts relieve different types of lower body pain

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with some of the youngest refugees across the border in turkey. >> reporter: this two-year-old boy wakes up every morning in his turkish hospital bed crying for his mother. she is injured and stuck inside syria. shis family asked us not to show their faces. they told us that the boy's stomach was sledded by schram nell when a shell hit their house. dr. yihia rahim is a syrian american pediatrician from panama city, florida. he volunteers at the refugee camps here and he told us that many children have been traumatized. >> where is my house. where is my room, where is my toys. where is my freedom where. is my backyard where is my garden. all of it gone. so they cannot understand it. >> reporter: but those who make it to turkey are the lucky ones. more than 1400 children have been killed inside syria. many more have been maimed.

and a united nations report says boys as young as ten have been detained and tortured. in an apartment near the syrian border we met this grl. she told us that she is 12 years old but when we asked what had happened to her she couldn't speak. tears streamed from her eyes. her uncle told us her home was hit by a shell killing her pregnant mother and two siblings. tee was afraid to show his face. the children in syria suffer so much, he said. every day they are being killed or injured. dr. rahim said it was this stark reality that moved him to come to the camp. >> i feel i have to do my job. >> but dow worry looking forward to the future what kind of a life these children will have? >> it will be difficult.

but i feel when we have 9 country back-- . >> reporter: and these children can go home. clarissa ward, cbs news, antakya, turkey. >> pelley: and that's the "cbs evening news" for tonight. for all of us at cbs news all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org

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looking for someone you can trust? with ase certified technicians and the latest technology, this is the exception to the rule. this is sears auto center. now, "entertainment tonight," the most watched entertainment newsmagazine in the world. tom cruise comes out swinging. why he's threatening to sue the "national enquirer" for millions. the nasty headline. new katie with suri at the zoo and stepping out in new york last night. >> i think tom has to stop getting divorced and stop getting married. three times and you're out. plus, what you never knew about tom's teenaged son connor. how he's helping his dad through the divorce. then je low weighs in on their split.